Red Cliff, CO is a small town located in the Eagle County of Colorado. It is known for its breathtaking views of the Rocky Mountains and its proximity to world class ski resorts. The cost of living in Red Cliff, CO is slightly higher than the US average due to high rent costs. The median 2 bedroom rent in Red Cliff is $4,060 compared to the US 2 bedroom rent of $1,430. Additionally, grocery prices in Red Cliff are slightly higher than the US average as well with an index score of 102 versus 100 in the US respectively. Despite these slightly higher prices, many people choose to live in Red Cliff due to its many outdoor activities such as skiing, hiking, fishing, and camping that are available year round. Local companies such as High Country Outfitters provide outdoor equipment for those interested in any kind of outdoor activity while local restaurants like HomeSlice serve up delicious pizza and salads.
Red Cliff has an unemployment rate of 5.1%. The US average is 6.0%.
Red Cliff has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 48.5%, which is higher than the US average of 33.5%.
Tax Rates for Red Cliff
- The Sales Tax Rate for Red Cliff is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Red Cliff is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Red Cliff
- The average income of a Red Cliff resident is $32,100 a year. The US average is $37,638 a year.
- The Median household income of a Red Cliff resident is $56,964 a year. The US average is $69,021 a year.